Near-term challenges stay for autos but outlook positive; top picks by Sharekhan2 min read 30 Dec 2022, 12:19 PM IST
Maruti Suzuki, Eicher among top bets for Sharekhan by BNP Paribas. Monthly dispatches of the automobile sector are expected to grow YoY in December, while declining MoM led by seasonality and production constraints
The outlook for auto companies going ahead looks promising despite the near-term challenges, rising inflation and chip shortage. There is expectation of healthy demand in passenger vehicle (PVs) and two-wheeler (2W) segment led by new and refreshed launches, increase in discounts and attractive financing schemes.
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